Re: Re: So… Are we all agreed that the Euro is here to stay?


@Chris McCarthy wrote:

Are we at least now all agreed, not least following the statements of Angela Merkel concerning how Europe has to remain united, and all the evidence of the past week that; whatever the debate about the viability of the bailout funds and the partial default of Greece, the Euro is not about to disappear?

I always thought they would do what is necessary to save the Euro. The problem is, what’s needed is both illegal and political suicide for Merkel in Germany. There are many people in Germany who will do absolutely everything in their power to to stop Germany paying to bail out the Euro. Greece will need another bailout and bond holders will need another haircut. Thats assuming this deal will stick – which I doubt.

So I have come to the conclusion that the Euro is doomed.